Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.23.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Earnings Per Share
The following is a reconciliation of the numerator and denominator for the computation of basic and diluted earnings per share:
Three Months Ended September 30, Nine Months Ended September 30,
(In thousands, except per share data) 2023 2022 2023 2022
Numerator:
Net income attributable to common shareholders $ 21,265  $ 27,391  $ 28,735  $ 76,991 
Adjustment for accretion of tax equity financing fees (26) (27) (81) (81)
Income attributable to common shareholders $ 21,239  $ 27,364  $ 28,654  $ 76,910 
Denominator:
Basic weighted-average shares outstanding 52,209  51,869  52,104  51,810 
Effect of dilutive securities:
Stock options 1,091  1,428  1,155  1,442 
Diluted weighted-average shares outstanding 53,300  53,297  53,259  53,252 
Net income per share attributable to common shareholders:
Basic $ 0.41  $ 0.53  $ 0.55  $ 1.48 
Diluted $ 0.40  $ 0.51  $ 0.54  $ 1.44 
Potentially dilutive shares (1)
1,954  1,262  1,950  1,087 
(1) Potentially dilutive shares attributable to stock options were excluded from the computation of diluted earnings per share as the effect would have been anti-dilutive.